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Short-Term Debt | 12 Months Ended
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Dec. 31, 2018
Short-term Debt [Abstract] |
SHORT-TERM DEBT | 22. SHORT-TERM DEBT Emera’s short-term borrowings consist of commercial paper issuances, advances on revolving and non-revolving credit facilities and short-term notes. Short-term debt and the related weighted-average interest rates as at December 31 consisted of the following:
millions of Canadian dollars | 2018 | Weighted average interest rate | 2017 | Weighted average interest rate
TECO Finance |  |  |  |  |  |  |  |
Advances on revolving credit and term facilities | $ | 805 | 3.43 | % | $ | 820 | 2.58 | %
Tampa Electric Company |  |  |  |  |  |  |  |
Advances on accounts receivable and revolving credit facilities |  | 302 | 3.10 | % |  | 382 | 2.07 | %
NMGC |  |  |  |  |  |  |  |
Advances on revolving credit facilities |  | 79 | 3.40 | % |  | 38 | 2.47 | %
NSPI |  |  |  |  |  |  |  |
Bank indebtedness |  | - | - | % |  | 1 | - | %
Short-Term debt | $ | 1,186 |  |  | $ | 1,241 |  |
The Company’s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:
millions of Canadian dollars | Maturity |  | 2018 |  | 2017
TECO Energy/TECO Finance - term credit facility | 2019 | $ | 682 | $ | 502
TECO Energy/TECO Finance - revolving credit facility | 2022 |  | 546 |  | 376
Tampa Electric Company - revolving credit facility | 2022 |  | 443 |  | 408
Tampa Electric Company - accounts receivable revolving credit facility | 2021 |  | 205 |  | 188
Tampa Electric Company - term loan | 2018 |  | - |  | 377
NMGC - revolving credit facility | 2022 |  | 171 |  | 157
GBPC - revolving credit facility | 2019 |  | 18 |  | 16
Total |  |  | 2,065 |  | 2,024
Less: |  |  |  |  |
Advances under revolving credit and term facilities |  |  | 1,186 |  | 1,241
Letters of credit issued within the credit facilities |  |  | 3 |  | 3
Total advances under available facilities |  |  | 1,189 |  | 1,244
Available capacity under existing agreements |  | $ | 876 | $ | 780
The weighted average interest rate on outstanding short-term debt at December 31, 2018 was 3.34 per cent (2017 – 2.42 per cent). Recent Financing Activity Emera Florida and New Mexico On October 11, 2018, TEC repaid a $300 million USD 1-year term credit facility using proceeds from a senior note issuance. Refer to note 24. On March 23, 2018, TEC extended the maturity date of its $150 million USD accounts receivable collateralized borrowing facility from March 23, 2018 to March 22, 2021. There were no other changes in commercial terms. On March 7, 2018, TECO Energy/Finance increased its $300 million USD revolving credit facility by $100 million USD to $400 million USD. There were no other changes in commercial terms. On March 7, 2018, TECO Energy/Finance increased its $400 million USD term bank credit facility by $100 million USD to $500 million USD, and extended the maturity date to March 8, 2019. There were no other changes in commercial terms.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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